Greens senator Nick McKim has put forward Greek Australian economist Yanis Varoufakis, a former Greek finance minister, as the ideal candidate to be the next Reserve Bank of Australia (RBA) leader.
This recommendation comes ahead of the RBA’s formal decision, which is due to be made this month.
Ioannis “Yanis” Varoufakis served as the Greek Minister of Finance under Prime Minister Alexis Tsipras from January to July 2015, where he led negotiations with Greece’s creditors during the government-debt crisis.
Philip Lowe is the current Governor of the RBA with his seven-year term expiring in mid-September 2023.
Federal Treasurer Jim Chalmers will consider renewing Mr Lowe’s contract, or a new RBA government will be appointed.